Refinance and reset activity accounted for 56% of the record $532 billion of CLO issued last year, including a number of deals restructured for the second or third time. (Includes two data tables.)

ABS issuance tied to business financing grew by 52.9% from 2023 to $105.33 billion.

Deals backed by leases and loans to consumers to buy cars and other vehicles continued to set the pace in ABS issuance last year. But the only sector to see increased volume in the fourth quarter was ABS backed by unsecured consumer loans. (Includes three data tables.)

Mr. Cooper Group ended the year as the top bulk buyer with $175.93 billion in acquisitions.

Four of the top five non-agency MBS issuers at least doubled their issuance volume on an annual basis in 2024.

Flagstar’s transfer of $73.9 billion of agency servicing rights accounted for over a third of the bulk MSR transfers in the fourth quarter. Coissuance volume was up slightly with higher agency MBS issuance. (Includes three data tables.)

Lakeview Loan Servicing remained the top agency servicer, with a $732.56 billion portfolio.

Issuance of prime non-agency MBS tripled from 2023 to 2024, boosting the market to its best year since 2021. Expanded-credit mortgage securitization accounted for 34% of non-agency issuance last year. (Includes three data tables.)

Bulk sales of agency MSR played a role in the growth of several nonbank servicing portfolios during the fourth quarter. The market continued to shift to higher-coupon mortgages. (Includes two data tables.)

Rate-term refis helped to drive up residential MBS issuance in the fourth quarter.